Mother Dairy hikes milk prices in Delhi

New Delhi: Mother Dairy on Friday announced an increase of up to Rs 2 a litre in milk prices in the Delhi-NCR region with effect from September 8. Full cream milk will be dearer by Rs 2 per litre, while other variants will be costlier by Re 1 a litre.

"We have raised milk prices by 4 per cent. For the last one year, we have been holding prices. But now we are forced to increase it because procurement prices have gone up and also the cost of other inputs such as power, diesel and packaging material have increased," Mother Dairy Managing Director S Nagarajan said.

In April this year, Amul and Kwality Dairy had increased prices, but Mother Dairy decided against any hike.

The company in statement said it "passes on 75-76 per cent of the consumer price to rural farmers. This may probably be one of the best and most efficient means of ensuring inclusive growth".